(n.) The process of hiding the source of illegal income by processing it through a large-turnover entity, who takes a premium from it, and then receiving the income from that entity to avoid suspicion.
This definition has evolved to include any form of hiding income (or sources of income) in the interests of avoiding tax, although the problem posed by non-specific 'cover-all' statements means that it is open to loopholes because of the vast grey areas.
Money laundering has been practised for over 6000 years, but the term itself comes from the prohibition era of american history.
This definition has evolved to include any form of hiding income (or sources of income) in the interests of avoiding tax, although the problem posed by non-specific 'cover-all' statements means that it is open to loopholes because of the vast grey areas.
Money laundering has been practised for over 6000 years, but the term itself comes from the prohibition era of american history.
If a public limited company were to pay its director fees or dividends through purchasing toy cars worth £1 each for @ £50,000 each from a foreign company (and listing them as real cars) owned by the receiving directors/shareholders so they get their money with minor taxation, that would be covered by the extended definition of money laundering.
by the slut formerly known as your mother September 25, 2004
Get the money laundering mug.by mc rb April 29, 2007
Get the black out mode laundry man mug.I am the laundry troll! I live in the basement and smell like dryer lint and Tide! Answer my three questions and I'll fold your undies!
by the cheshire kat January 26, 2009
Get the laundry troll mug.1. The act of purposefully passing or discharging urine into ones own pants to prevent jeopardizing the energy levels of a party or gathering.
2. A selfless act in which a person urinates themselves in the middle of an intense drinking game to avoid jeopardizing a hot streak.
3. Urinating yourself in a bar due to an atrocious line at the men’s restroom.
Disclaimer: It is not socially acceptable for a woman to attempt this maneuver.
2. A selfless act in which a person urinates themselves in the middle of an intense drinking game to avoid jeopardizing a hot streak.
3. Urinating yourself in a bar due to an atrocious line at the men’s restroom.
Disclaimer: It is not socially acceptable for a woman to attempt this maneuver.
by Lord Berling July 28, 2007
Get the dry lander mug.A dubious chore that most college students love to finish.
Specifically, occasions when one goes to clean their clothes with someone else and gets more than the wash done.
In general can be used for any type of hook up.
Specifically, occasions when one goes to clean their clothes with someone else and gets more than the wash done.
In general can be used for any type of hook up.
Dan: "Should I go hang out with Emily tonight?"
Gabe: "Yea man, she's down to do The Laundry!"
..
Maddy: "Do you know where Grace went last nightt?"
Krystal: "She ended up at Michael's"
Maddy: "Yeaah, I hope she got The Laundry done!"
..
Mary went to the frat quad to do The Laundry, and came back wearing clothes that were particularly clean, if you know what I mean.
Gabe: "Yea man, she's down to do The Laundry!"
..
Maddy: "Do you know where Grace went last nightt?"
Krystal: "She ended up at Michael's"
Maddy: "Yeaah, I hope she got The Laundry done!"
..
Mary went to the frat quad to do The Laundry, and came back wearing clothes that were particularly clean, if you know what I mean.
by RVA403 October 18, 2010
Get the The Laundry mug.A name given to those who "land" on a lot of women. To be more specific, as much as every single woman in existence.
Man 1: Lander really lives by his name! He has slept with every single girl on earth!
Man 2: On earth? Rumours tell that he'll be "landing" on Mars soon!
Man 1:Well, he has my blessing. That guy has one hell of an endurance.
Man 2: On earth? Rumours tell that he'll be "landing" on Mars soon!
Man 1:Well, he has my blessing. That guy has one hell of an endurance.
by Chainsaw_Vader June 21, 2011
Get the Lander mug.Pretty much Miami's close cousin, except Ft Lauderdale is cleaner and less crazy. If you want to relax on a cleaner beach, go to Ft. Lauderdale. But if you want a party zone, go to Miami.
by Kyle February 19, 2005
Get the Ft. Lauderdale mug.